A $31 Trillion National Debt Matters Much More Than Most Think
On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion. As the Anti-Federalist writer Brutus warned: “I can...
National Debt Eclipses $30 Trillion
The biggest, most powerful government in the history of the world is built on borrowing and money printing. And on January 31, the national debt quietly eclipsed $30 trillion. The U.S. government has run up debt at breakneck speed after raising the debt ceiling. The...
Feds Set Spending Record in Fiscal 2021; Ran Second-Largest Budget Deficit in History
With economies shut down and the U.S. government spending trillions in response to the coronavirus pandemic, the federal government ran a record $3.13 trillion deficit in fiscal 2020. The pandemic eased and economies opened back up in fiscal 2021, and you would expect...